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(MENAFN) Tethys Oil’s stake of the manufacturing, earlier than authorities, from Blocks 3&4 onshore the nation of Oman, within the opening month of this yr reached 325,632 barrels of oil, equal to 10,504 barrels of crude for every day.
The Official Promoting Worth (OSP) for Oman Export Mix Crude Oil for the talked about month amounted at USD80.26 for every barrel. The OSP, as launched by Sultanate of Oman’s Ministry of Vitality and Minerals, is the usual value for Tethys Oil’s month-to-month oil gross sales with out exchanging and high quality modifications.
Tethys Oil, by way of its fully-owned subdivision Tethys Oil Block 3 & 4, has a 30 per cent curiosity in Blocks 3&4. Associates are Mitsui E&P Center East B.V. with 20 per cent and the operator CC Vitality Growth (Oman department) proudly owning the remainder of 50 per cent.
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